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Resource centre on India's rural distress
 
 

14 crops and a prayer -- why Modi govt’s latest MSP increases ride a lot on hope -Sayantan Bera

-ThePrint.in

The govt Wednesday raised support prices for 14 crops by 6 per cent, on an average — the highest in four years.

New Delhi: India’s latest price support policy for farmers places more emphasis on keeping consumer inflation in check than reflecting the new normal of rising cultivation costs and soaring food prices following the Ukraine war, a reading of the numbers show.

The Narendra Modi government Wednesday announced minimum support prices (MSP) for 14 crops — including grains, pulses, oilseeds and cotton — to be planted during the June to October Kharif season. On an average, support prices were raised 6 per cent, the highest in four years, but significantly lower than the hike announced during the pre-election year, 2018 (about 13-20 per cent).

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